Connect with a Building Expert

  • This field is for validation purposes and should be left unchanged.
  • By submitting your information you agree to our privacy policy.

37 Mill Creek Road, East Stroudsburg, PA 18301 (MLS# PM-139153)

37 Mill Creek Road, East Stroudsburg, PA 18301

$795,000
Property Type: Commercial Sale Square Footage: 7,908 Lot Size (sq. ft.): 64,904 Status: Pending
Current Price: $795,000 List Date: 3/01/2026 Last Modified: 3/12/2026

Description

Discover an exceptional investment opportunity at 37 Mill Creek Road, a premier multi-tenant office building strategically located in the heart of East Stroudsburg. Boasting a robust Cap Rate 7.29%, this property is a turnkey powerhouse for savvy investors seeking immediate cash flow and long-term stability in the Pocono region. The building features approximately 7,908 square feet of versatile, professional space across three floors and a separate garage, currently configured to accommodate a diverse range of tenants with private office suites, and an existing daycare occupying 2 floors. Efficiency and modernity are at the core of this asset, which is serviced by a cost-effective geothermal heating and cooling system, significantly reducing overhead and appeal to environmentally conscious investors. A new roof was installed on the main building in November 2025. All rents include annual increases. The property is served by 3 phase electric and is zoned M1 Industrial. There is a Certificate of Non-conforming Use dating back to the 1988 construction permitting general office/commercial uses. This non-conforming was confirmed in 2006 and a new certificate was issued 2026. Documentation provided upon request. The property sits on a total of 4 lots. The main building and garage sit on one lot. The rear parking lot is on a separate lot. The geo-thermal ground loop sits on two lots across the street. The property is served by public water and a private septic system. The 4 parcels included in the sale are 17730219610425, 17730219611314, 17730219519199, 17730219610163 ***Income and expense numbers include both CapEx Reserves and and a Vacancy Factor of 3% each. Income after incurred expenses is $64,116.95 annually.

More Information MLS# PM-139153

Contract Information

Listing Service: Full Service Property Sub Type: Business List Price: $795,000 Current Price: $795,000 Status: Pending Listing Contract Date: 2026-02-20

Location, Tax, and Legal

Parcel Number: 17.3A.2.2 Municipality: Stroud Township County Tax Amount: 2384.16 Municipal Tax Amount: 1123.02 School Tax Amount: 11924.5 Tax Other Annual Assessment Amount: 80.92 Tax Annual Amount: 15512.6 Tax Assessed Value: 435280 Tax Year: 2025 Tax Map Number: 17730219610425 Tax Lot: 17 Tax Book Number: 2607 Tax Page Number: 2266 Deed Recording Date: 2022-04-19 Tax Legal Description: Lot 17 Zoning Description: Commercial

General Property Information

Above Grade Finished Area: 7908 Building Area Source: Public Records Stories: 3 Year Built Source: Public Records Garage YN: Yes Attached Garage YN: Yes Garage Spaces: 2 Carport YN: No Open Parking YN: No Lot Size Acres: 1.49 Water Body Access YN: No Sign On Property YN: Yes List Price/SqFt: 100.53 Building Area Total: 7908 Year Built: 1962

Remarks and Miscellaneous

Public Remarks: Discover an exceptional investment opportunity at 37 Mill Creek Road, a premier multi-tenant office building strategically located in the heart of East Stroudsburg. Boasting a robust Cap Rate 7.29%, this property is a turnkey powerhouse for savvy investors seeking immediate cash flow and long-term stability in the Pocono region. The building features approximately 7,908 square feet of versatile, professional space across three floors and a separate garage, currently configured to accommodate a diverse range of tenants with private office suites, and an existing daycare occupying 2 floors. Efficiency and modernity are at the core of this asset, which is serviced by a cost-effective geothermal heating and cooling system, significantly reducing overhead and appeal to environmentally conscious investors. A new roof was installed on the main building in November 2025. All rents include annual increases. The property is served by 3 phase electric and is zoned M1 Industrial. There is a Certificate of Non-conforming Use dating back to the 1988 construction permitting general office/commercial uses. This non-conforming was confirmed in 2006 and a new certificate was issued 2026. Documentation provided upon request. The property sits on a total of 4 lots. The main building and garage sit on one lot. The rear parking lot is on a separate lot. The geo-thermal ground loop sits on two lots across the street. The property is served by public water and a private septic system. The 4 parcels included in the sale are 17730219610425, 17730219611314, 17730219519199, 17730219610163 ***Income and expense numbers include both CapEx Reserves and and a Vacancy Factor of 3% each. Income after incurred expenses is $64,116.95 annually.

Unit Details

Number Of Units Leased: 10

Income and Expenses

Gross Income: 103073.16 Net Operating Income: 57932.56 Annual Total Expense: 38956.21 Cap Rate: 7.29 Vacancy Allowance Rate: 3 Other Expense: 3

Income Includes

Rent Only: 1

Operating Expense Includes

Vacancy Allowance: 1 Insurance: 1 Manager: 1 Utilities: 1 Maintenance: 1 Snow Removal: 1 Other: 1

Financial Data Source

Owner: 1

Oil, Gas and Mineral Rights

Property Subject To Lease: Yes

Possession

Close Of Escrow: 1

Electric

3 Phase: 1

Cooling

Geothermal: 1

Heating

Geothermal: 1

Security Features

Closed Circuit Camera(s): 1 Fire Alarm: 1

Water Source

Public: 1

Sewer

On Site Septic: 1

Location Tax and Legal

County: Monroe Street Number: 37 Street Name: Mill Creek Street Suffix: Road City (Post Office): East Stroudsburg State: PA Postal Code: 18301 Subdivision Name: None

Status Change Information

Purchase Contract Date: 2026-03-11

Property Features

Income Includes: Rent Only Operating Expense Includes: Vacancy Allowance; Insurance; Manager; Utilities; Maintenance; Snow Removal; Other Financial Data Source: Owner Possession: Close Of Escrow Electric: 3 Phase Cooling: Geothermal Heating: Geothermal Security Features: Closed Circuit Camera(s); Fire Alarm Water Source: Public Sewer: On Site Septic
Listing Office: S7, LLC
IDX
Last Updated: March - 12 - 2026
Information deemed reliable but not guaranteed.